Full Text of HB0566 94th General Assembly
HB0566sam001 94TH GENERAL ASSEMBLY
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Sen. Terry Link
Filed: 4/22/2005
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LRB094 05756 LCB 45396 a |
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| AMENDMENT TO HOUSE BILL 566
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| AMENDMENT NO. ______. Amend House Bill 566 by replacing | 3 |
| everything after the enacting clause with the following:
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| "Section 5. The Tool and Die Lien Act is amended by | 5 |
| changing Sections 1 and 2 as follows:
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| (770 ILCS 105/1) (from Ch. 82, par. 351)
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| Sec. 1. Lien. Plastic or metal processors or persons | 8 |
| conducting a
plastic or metal processing business shall have a | 9 |
| lien on the tools, dies,
molds, jigs, fixtures, forms or | 10 |
| patterns in their possession belonging to a
customer, for the | 11 |
| balance due them from such customer for plastic or metal
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| processing work, and for all materials related to such work. | 13 |
| The processor
may retain possession of the tool, die, mold, | 14 |
| jig, fixture, form or pattern
until such balance is paid , | 15 |
| subject only to a security interest
properly perfected pursuant | 16 |
| to Article 9 of the Uniform Commercial
Code .
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| (Source: P.A. 85-381.)
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| (770 ILCS 105/2) (from Ch. 82, par. 352)
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| Sec. 2. Definitions. For purposes of this Act:
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| (A) The term "processor" means any individual or entity | 21 |
| including, but
not limited to, a tool or die maker, who | 22 |
| contracted with, or uses a tool,
die, mold, jig, fixture, form | 23 |
| or pattern to manufacture, assemble, or
otherwise make a |
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| plastic or metal product or products for a customer.
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| (B) The term "customer" means any individual or entity who | 3 |
| contracted with,
or caused a plastic or metal processor to use | 4 |
| a tool, die, mold, jig,
fixture, form or pattern to | 5 |
| manufacture, assemble, or otherwise make
plastic or metal | 6 |
| components or products.
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| (C) The term "special tool" means a tool, die, mold, jig, | 8 |
| fixture, form ,
or pattern , or part used to manufacture, | 9 |
| assemble, or otherwise make plastic or
metal components or | 10 |
| products.
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| (Source: P.A. 85-381.)".
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